Ms. Diana Biggs reports
DEFI TECHNOLOGIES JOINS THE PYTH NETWORK
Defi Technologies Inc. will deliver its real-time cryptocurrency pricing data to the Pyth network, a decentralized financial market data distribution platform.
The Pyth network has clearly seen impressive growth, onboarding some of the world's largest trading firms and reputable regulated exchanges to help connect market data to any smart contract. Defi Technologies joins this exciting community of market-leading trading firms, including Jump Trading Group, Two Sigma Securities, DRW Cumberland and Susquehanna, with a shared vision of accelerating the growth of the decentralized finance ecosystem.
"This important collaboration demonstrates our commitment to accelerating the growth of the decentralized finance ecosystem and actively supporting the development of its infrastructure," said Diana Biggs, chief strategy officer of Defi Technologies. "Pyth's vision of making markets more accessible and transparent aligns with ours, and we are delighted to be contributing to the Pyth community to make this a reality."
Decentralized finance relies on high-fidelity, time-sensitive, real-world data, but has no way to access them. The Pyth network solves this by bringing a decentralized, cross-chain market of verifiable data from high-quality nodes, giving DeFi comprehensive access to the vast amount of hi-fi financial service data it needs to make smart contracts work smarter. By participating in this network, Defi Technologies is able to contribute its market data from across its business lines directly to the Pyth network, where consumers of data can stream them directly from the blockchain in real time and with a high degree of confidence.
Defi Technologies is the first and only publicly traded company built to give investors direct exposure to the rapidly growing space of decentralized finance. Among the company's multiple business lines is its wholly owned subsidiary, Valour Inc., a European-based issuer of digital asset exchange-traded products that has $322-million (U.S.) in assets under management (as of Nov. 2, 2021). Defi Technologies is rapidly expanding its business activities to bring its offerings to more investors globally and, ultimately, to expand access to the growing decentralized finance ecosystem.
About Defi Technologies Inc.
Defi Technologies is a technology company bridging the gap between traditional capital markets and decentralized finance. Defi Technologies' mission is to expand investor access to industry-leading decentralized technologies that it believes lie at the heart of the future of finance. On behalf of its shareholders and investors, the company identifies opportunities and areas of innovation, and builds and invests in new technologies and ventures in order to provide trusted, diversified exposure across the decentralized finance ecosystem.
We seek Safe Harbor.
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